Common use of Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit Clause in Contracts

Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit. Annual increases to the PERS medical insurance premiums in subsequent years will not be paid by the District as an employer premium contribution to PERS . Annual increases to the medical insurance premiums for Bay Area HMO plans will result in the following adjustments to the District’s Cafeteria Plan Benefit . The District will increase the dollar amount of its Cafeteria Plan Benefit so that the Cafeteria Plan Benefit is increased to an amount that when added to the fixed employer contribution and the employee direct contribution equals 100% for the Bay Area HMO premium for the selected coverage level . Employees who select a medical insurance plan other than a Bay Area HMO (i .e . a plan more expensive than a Bay Area HMO) will receive a Cafeteria Plan Benefit equal to the benefit received by employees who have selected the same coverage level in the highest cost Bay Area HMO . If, during the term of this Agreement only, the District provides an employee group more favorable terms concerning health insurance premiums or the PERS retirement plan contributions, the District will offer the same favorable terms to ATU Local 1574 . The change will be effective as soon as the District obtains PERS and Board approval .

Appears in 1 contract

Samples: Labor Agreement

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Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit. Annual increases to the PERS medical insurance premiums in subsequent years will not be paid by the District as an employer premium contribution to PERS PERS. Annual increases to the medical insurance premiums for Bay Area HMO plans will result in the following adjustments to the District’s 's Cafeteria Plan Benefit Benefit. The District will increase the dollar amount of its Cafeteria Plan Benefit so that the Cafeteria Plan Benefit is increased to an amount that when added to the fixed employer contribution and the employee direct contribution equals one hundred percent (100% %) for the Bay Area HMO premium for the selected coverage level level. Employees who select a medical insurance plan other than a Bay Area HMO (i .e . i.e. a plan more expensive than a Bay Area HMO) will receive a Cafeteria Plan Benefit equal to the benefit received by employees who have selected the same coverage level in the highest cost Bay Area HMO HMO. If, during the term of this Agreement only, the District provides an employee group more favorable terms concerning health insurance premiums makes improvements to the pension or medical benefits of the PERS retirement plan contributionsnon-represented employees, the District members of this bargaining unit will offer receive the same favorable terms to ATU Local 1574 . The change will be effective as soon as the District obtains PERS and Board approval improvements.

Appears in 1 contract

Samples: Labor Agreement

Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit. Annual increases to the PERS medical insurance premiums in subsequent years will not be paid by the District as an employer premium contribution to PERS PERS. Annual increases to the medical insurance premiums for Bay Area HMO plans will result in the following adjustments to the District’s Cafeteria Plan Benefit Benefit. The District will increase the dollar amount of its Cafeteria Plan Benefit so that the Cafeteria Plan Benefit is increased to an amount that when added to the fixed employer contribution and the employee direct contribution equals 100% for the Bay Area HMO premium for the selected coverage level level. Employees who select a medical insurance plan other than a Bay Area HMO (i .e . i.e. a plan more expensive than a Bay Area HMO) will receive a Cafeteria Plan Benefit equal to the benefit received by employees who have selected the same coverage level in the highest cost Bay Area HMO HMO. If, during the term of this Agreement only, the District provides an employee group more favorable terms concerning health insurance premiums or the PERS retirement plan contributions, the District will offer oRer the same favorable terms to ATU Local 1574 1574. The change will be effective eRective as soon as the District obtains PERS and Board approval approval.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit. Annual increases to the PERS medical insurance premiums in subsequent years will not be paid by the District as an employer premium contribution to PERS PERS. Annual increases to the medical insurance premiums for Bay Area HMO plans will result in the following adjustments to the District’s 's Cafeteria Plan Benefit Benefit. The District will increase the dollar amount of its Cafeteria Plan Benefit so that the Cafeteria Plan Benefit is increased to an amount that when added to the fixed employer contribution and the employee direct contribution equals one hundred percent (100% %) for the Bay Area HMO premium for the selected coverage level level. Employees who select a medical insurance plan other than a Bay Area HMO (i .e . i.e. a plan more expensive than a Bay Area HMO) will receive a Cafeteria Plan Benefit equal to the benefit received by employees who have selected the same coverage level in the highest cost Bay Area HMO HMO. If, during the term of this Agreement only, the District provides an employee group more favorable terms concerning health insurance premiums makes improvements to the pension or medical benefits of the PERS retirement plan contributionsnon- represented employees, the District members of this bargaining unit will offer receive the same favorable terms to ATU Local 1574 . The change will be effective as soon as the District obtains PERS and Board approval improvements.

Appears in 1 contract

Samples: Labor Agreement

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